LexisNexis Risk Solutions, a firm that specialises in data, analytics and technology to predict and manage risk, has announced plans to establish a data analytics centre in Dublin.
The company said that over the next three years, it will add around 70 new jobs, most of which will be related to the data analytics centre. The plans are supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
The Dublin-based centre of excellence for data analytics will support the company’s UK and Ireland insurance operations, as well as supplement US-based operations. The Dublin office was formed as a result of the company’s acquisition of Mapflow, a Dublin-based geographic risk assessment technology company, in September 2013.
LexisNexis works in the US general (property and casualty) insurance market. It also delivers solutions to more a large section of the UK insurance market.
The Minister for Jobs, Enterprise and Innovation Richard Bruton TD acknowledged the importance of the analytics sector, and its potential to provide jobs in the future.
“Data analytics is a key sector which is growing rapidly worldwide and which we have targeted as part of our Action Plan for Jobs, and in recent years we have seen an impressive jobs performance in Ireland in this area. Today’s announcement that LexisNexis, a world-leading company in this area, is establishing a data analytics centre in Dublin with the creation of 70 extra jobs is a further boost. I am determined to ensure that, with the right policies, we can see continued jobs growth in this area.”
“With our technology capabilities,” said the minister, “there is an opportunity for us to continue to expand the data analytics and enrichment solutions we provide our insurance customers across the UK, Ireland, Europe and North America,” said Bill McCarthy, managing director, UK and Ireland, Insurance, LexisNexis Risk Solutions. “Our customers are continually looking for more ways to better understand their business and their customers, using big data and technology, and see LexisNexis as a key partner in helping them achieve this.”
“We’re excited to create this hub for data analytics expertise in Dublin, and the potential it offers for us to grow the business,” said John Beal, SVP, Analytics, LexisNexis Risk Solutions. “HPCC Systems combines data and linking capabilities to allow us to identify, connect and organise vast quantities of data with very high levels of reliability. This allows our clients to aggregate key risk data, such as location, personal, business and asset-related data, to make more informed decisions.”
“IDA Ireland,” said Martin Shanahan, CEO, IDA Ireland, “is targeting the data analytics sector as an area set for high-growth — we believe that Ireland has huge potential here. The establishment of a dedicated Centre of Excellence for Data Analytics by LexisNexis Risk Solutions in Dublin will strengthen Ireland’s brand as a place where businesses can find talent to match their needs.”
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